Narrative of Resolution:
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To authorize a transfer of money to Sunset Lake LDC to pay the 2024 pilot and annual lease payment for the Care Center at Sunset Lake.
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If Resolution requires expenditure of County Funds, provide the following information:
Amount to be authorized by Resolution: $358,000
Are funds already budgeted? No
Specify Compliance with Procurement Procedures: N/A
WHEREAS, the Town of Liberty Assessor changed the taxable status of the real property where the Care Center at Sunset Lake is located (“Subject Parcel”) from fully exempt to fully taxable; and
WHEREAS, the Subject Parcel has an address of 256 Sunset Lake Drive Liberty, NY 12754 and is designated on the Town of Liberty tax map as Section 23 Block 1 Lot 126.6; and
WHEREAS, the current owner of the Subject Parcel, Sunset Lake LDC (“LDC”), has recently received the 2024 pilot payment and the 2024 Annual Lease Payment from the County of Sullivan Industrial Development Agency. The total amount due for the 2024 is $358,000; and
WHEREAS, in order to ensure that the real property taxes and annual lease payment are paid by February 1, 2024 so no interest or penalties accrue it will be necessary to transfer $358,000 to the LDC; and
WHEREAS, the Sullivan County Legislature (“Legislature”) has determined that the transfer of the monies to the LDC for the purpose of making timely payment of these charges is in the best interest of the County.
NOW THEREFORE BE IT RESOLVED, that the Legislature does hereby approve the transfer of the monies to the LDC as outlined above; and
BE IT FURTHER RESOLVED, that the Legislature authorizes the County Treasurer and the County Auditor to take the necessary steps to transfer the monies to the LDC as outlined above.
BE IT FURTHER RESOLVED, IF THE LDC IS UNABLE TO MAKE ANY PILOT PAYMENT THEN THE COUNTY LEGISLATURE AUTHORIZES THE COUNTY TO MAKE THE PAYMENT ON THE LDC’S BEHALF.
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